Liam Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) (Click the icon to view the budgeted direct-cost.) |(Click the icon to view the direct materials.) (Click the icon to view the direct-cost inputs.) Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket. (Click the icon to view the overhead information.) |(Click the icon to view the finished goods inventory.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Revenues Budget For the Month of March Total revenues Units Selling Price 190 $ 859 Broncos Blankets Rams Blankets 220 953 Total Enter any number in the edit fields and then click Check Answer. 11 parts parts remaining Clear All Check Answer x bf the two lod ket on the basis of budgeted direct Budgeted Direct-Cost Inputs Data pertaining to the direct materials for March 2020 are as follows: The budgeted direct-cost inputs for each product in 2020 are as follows: Actual Beginning Direct Materials Inventory, March 1, 2020 Broncos Blanket Rams Blanket Broncos Blanket Rams Blanket Red wool fabric 65 yards Red wool fabric 10 yards O yards 11 yards O yards 45 yards Black wool fabric O yards Black wool fabric O yards 75 0 1 0 Broncos logo patches Rams logo patches Broncos logo patches Rams logo patches 0 90 0 1 Direct manufacturing labor 9 hours 10 hours Target Ending Direct Materials Inventory, March 31, 2020 Broncos Blanket Rams Blanket Print Done Red wool fabric 55 yards O yards O yards 55 yards Black wool fabric Direct-Cost Inputs 55 0 Broncos logo patches Rams logo patches 0 55 Unit cost data for direct-cost inputs pertaining to February 2020 and March 2020 are as follows: i Finished Goods Inventory X February 2020 (actual) March 2020 (budgeted) 15 16 24 23 Data relating to finished goods inventory for March 2020 are as follows: 13 Red wool fabric (per yard) Black wool fabric (per yard) Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour 13 Broncos Blanket Rams Blanket 12 24 14 29 32 33 Beginning inventory in units Beginning inventory in dollars (cost) Target ending inventory in units $ 4,560 4,640 34 39 Print Done Print Done 11 parts parts remaining Clear All Check